Dave Ramsey: occupations with most millionaires

[eddiehaskell]

Engineer

Accountant (CPA)

Teacher

Management

Attorney


Discuss....

[FrankCostanza]

Lol teachers get so many benes like low interest loans for housing yet they bitch they also don't pay state taxes so in Cali it's like their salary +20 grand in reality

[MyGhettoFantasy]

He just listed them like this by category? What kind of teachers are we talking about?

[DuracellBunny]

The fact that doctor isn't on that list means the list is wrong.

[headturner1]

The fact that doctor isn't on that list means the list is wrong.

The fact that miscer isn’t on this list makes it doubly wrong

[eddiehaskell]

The fact that doctor isn't on that list means the list is wrong.

https://www.google.com/url?sa=t&sour...dWY2hqda_CVpys

Surprisingly, medical doctors and physicians didn’t make the top five. They came in sixth position because, as Ramsey put it, even though “they make a lot of money” they’re “notoriously bad” at managing it.

“The interesting thing is, one third of them, 33% made less than $100,000 a year,” said Ramsey. “They were not making bank. They were not earning their way into it real quick.”

Ramsey said there’s one thing that people in the top five professions share in common, which is that they are “process people.” By that, he means “they learn the rules and … follow them.”

[r32gojirra]

The fact that doctor isn't on that list means the list is wrong.

Depends on how retarded is the methodology they used

For example if there is a much larger population of engineers in general, the sheer number of millionaire engineers could swamp the number of doctors - even if the rate at which doctors are becoming millionaires is significantly higher than for engineers

The propeortion overall would be less because there would be many “doctors” still completing their internships etc and not earning money until much later, again skewing the data

Of course morons like OP would understand these types of issues if they’d stayed in school past year 5

[tartface]

The fact that doctor isn't on that list means the list is wrong.

Most nurses have more purchasing power than half of the MD/DO's. Only a handful of MD's make over $500k/year before tax.

[eddiehaskell]

Most nurses have more purchasing power than half of the MD/DO's. Only a handful of MD's make over $500k/year before tax.

yeah plus they usually have a lot of debt and they're perhaps 8 years behind in earning an income. Nurses might also marry earlier and have dual incomes for some of those years.

Comment section seems full of stories like this

"My mom never made more than 40k in her life. She came to the states at 30 with no money. Then became a single mom of one. She recently retired during the pandemic with 2 million dollars and a house in Louisiana fully paid off. She was frugal and wise with her money and was supremely educated, so she not only had good spending habits but was knowledgeable in how to invest in mutual funds and the stock market. Her experience is uncommon but having grown up with her, I know for sure it wasn’t a particularly hard experience and though I never had the best material things, we always felt financial stability. The secret is exactly what financial managers preach - it’s a slow steady disciplined approach to saving money in small amounts and investing it over a course of decades. We never had Starbucks, rarely ate out, she drove her cars until the end of their lives, and we never had any thing remotely close to manicures and fancy hair appointments. I shopped at the clearance isle of Payless and Marshall’s. All the money from those discretionary activities go to savings"

[6gorillion]

Most nurses have more purchasing power than half of the MD/DO's. Only a handful of MD's make over $500k/year before tax.

And how many RNs are making anywhere close to 500K a year LMAO. wtf.

Also JFL at Teacher on there.

[ThatGuy950]

[eddiehaskell]

And how many RNs are making anywhere close to 500K a year LMAO. wtf.

Also JFL at Teacher on there.

my aunt was a teacher. She made around 40-50k through the 80s and 90s. Her husband made around the same maybe a little more with overtime. They are now worth 10M+. One daughter is a teacher and the other a nurse. My bball coach around 9 or 10 was a roofer married to a teacher....also worth millions with a daughter that's a teacher...who is likely close to a millionaire with the husband...another teacher. Have a 2nd cousin pe teacher married to a teacher....millionaires with 3 kids that are now all teachers

The teachers I know personally do seem like process people....do this, do that, make some progress, work at it a little more make more progress...keep at it.

[6gorillion]

my aunt was a teacher. She made around 40-50k through the 80s and 90s. Her husband made around the same maybe a little more with overtime. They are now worth 10M+. One daughter is a teacher and the other a nurse. My bball coach around 9 or 10 was a roofer married to a teacher....also worth millions with a daughter that's a teacher...who is likely close to a millionaire with the husband...another teacher. Have a 2nd cousin pe teacher married to a teacher....millionaires with 3 kids that are now all teachers

The teachers I know personally do seem like process people....do this, do that, make some progress, work at it a little more make more progress...keep at it.

That's cool, your anecdotes don't reflect the vast majority. Most teachers are broke as ****.

[Sevenlionz]

He forgot to professional miscer on the list

[eddiehaskell]

That's cool, your anecdotes don't reflect the vast majority. Most teachers are broke as ****.

I don't know if they are or not...all I can speak to is the what I've personally seen which also happens to cooborate with the study done by Ramsey. All the teachers I know are also practicing Christians so perhaps has some influence in my sample

[crupiea]

Notice how you will never hear a woman say she is looking for a six figure accountant or engineer but thats where they would find them.

[SaltyDog920]

Lol teachers get so many benes like low interest loans for housing yet they bitch they also don't pay state taxes so in Cali it's like their salary +20 grand in reality

For 3/4s of the year.

[Roke]

Teachers?

And Medical Doctors didn't make the list?

[Anachron]

Teachers?

And Medical Doctors didn't make the list?

It's most in total, not most of the profession.

There's a ton more engineers than doctors...

[davik]

shouldtn it be grifter, actor, athlete, politician, businessman? dave himself is worth like 20 million

[Ironmanlet]

Dave R to the people he exploits for money: “You have to exploit people for money”

The people he exploits for money: “such great wisdom” *doesn’t improve financially*

[Lefticle]

shouldtn it be grifter, actor, athlete, politician, businessman? dave himself is worth like 20 million

He's actually worth like $700mil

[eddiehaskell]

Dave R to the people he exploits for money: “You have to exploit people for money”

The people he exploits for money: “such great wisdom” *doesn’t improve financially*

you're probably a sucker if you're giving him money considering how much information is online.

[mr.left hook]

shouldtn it be grifter, actor, athlete, politician, businessman or Porn star? Dave himself is worth like 20 million

Fix'd

[guest89]

shouldtn it be grifter, actor, athlete, politician, businessman? dave himself is worth like 20 million

No. Most millionaires are average people with slightly above average jobs. Pretty much every single person can retire a millionaire if they aren't retarded and follow Dave Ramseys financial plan.

And Dave is worth over 200 million.

[JackyChin]

Most millionaires are average people with slightly above average jobs. Pretty much every single person can retire a millionaire if they aren't retarded and follow Dave Ramseys financial plan.

This. 30 years ago being a millionaire meant something. $1M in 1994 is $2,144,000 today. And that really underestimates it, because the general level of wealth in the world grew too.

Anyone with a middle-class job who saved and invested 10-15% of their paycheck in the last 30 years is a millionaire today. Hell there are people who bought a house in the right city (Austin TX, Seattle WA) and accidentally became millionaires.

[2011change]

He's actually worth like $700mil

Found the khazarian JEW

[eddiehaskell]

This. 30 years ago being a millionaire meant something. $1M in 1994 is $2,144,000 today. And that really underestimates it, because the general level of wealth in the world grew too.

Anyone with a middle-class job who saved and invested 10-15% of their paycheck in the last 30 years is a millionaire today. Hell there are people who bought a house in the right city (Austin TX, Seattle WA) and accidentally became millionaires.

yeah pretty simple path. especially if you're a two income household. you could know nothing about finances other than don't spend too much/invest 10-20%+ of your income and become a millionaire. that's the process part that some are better at. i think the stats say 6-7% of people get there, but probably 4-5x that amount could without having any special skills/knowledge.

[58220]

This. 30 years ago being a millionaire meant something. $1M in 1994 is $2,144,000 today. And that really underestimates it, because the general level of wealth in the world grew too.

Anyone with a middle-class job who saved and invested 10-15% of their paycheck in the last 30 years is a millionaire today. Hell there are people who bought a house in the right city (Austin TX, Seattle WA) and accidentally became millionaires.

the world was better when only a minority of high iq folks were millionaires or rich, now even low class scumbags are millionaires

[r32gojirra]

It's most in total, not most of the profession.

There's a ton more engineers than doctors...

In addition to the base probability problem, the other issue is that a million net worth isn’t much

The answer of which profession has the most millionaires probably is roughly the same as which profession has the most people

Better question is what is the breakdown of people with net worth of $10 million or more

That list probably looks more like:

CEO
Anesthesiologist
General and Orthopedic Surgeons
Psychiatrists
Data Scientists
Software Engineers
Investment Banker
Petroleum Engineers
Corporate Lawyers
Professional Athletes